CGG Provides Q3 2021 Trading Update
Q3 2021 Segment Revenue expected to be around
up 35% year-on year and 72% sequentially
Third quarter 2021 segment revenue update
CGG anticipates Q3 2021 segment revenue to be around
- Geoscience segment revenue is expected to be around
$77 million , stable year-on-year and up 5% sequentially. - Multi-Client segment revenue is expected to be around
$92 million , up 26% year-on-year and up 149% sequentially. - Equipment segment revenue is expected to be around
$101 million , up 102% year-on-year and up 110% sequentially.
Change of financial communication schedule
Starting Q3 2021, CGG is changing its financial communication schedule, the time of release of its financial results and the management conference call with investors and analysts.
CGG will now publish its quarterly financial communication at
This financial communication schedule should be an opportunity for US and
Q3 2021 results calendar
CGG will announce its third quarter 2021 results on
Forward-looking statements
The Company provides this information based on a preliminary revenue review. The Company has not completed its financial reporting and related consolidation, review and control procedures, including the review of all sales against the established revenue recognition/cut-off criteria. The estimates provided in this release are therefore subject to change and the final Q3 2021 financial statements, once they are approved and released by the Company, may deviate materially from the information herein. Reference is made to the definition of Segment revenues in the Company`s annual and quarterly reports.
About CGG
CGG (www.cgg.com) is a global geoscience technology leader. Employing around 3,700 people worldwide, CGG provides a comprehensive range of data, products, services and solutions that support our clients to more efficiently and responsibly solve complex natural resource, environmental and infrastructure challenges. CGG is listed on the
Contacts
Tel: + 33 1 64 47 38 11 E-Mail: christophe.barnini@cgg.com |
Attachment
- CGG - Press Release pdf version
Source: CGG
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